Unit 3 Chapter 3 The Monstrosity that Collapsed the Whole World Economy.pptx
,Chapter 3 The Monstrosity that Collapsed the Whole World Economy,Unit 3 The Inevitable Struggle,FEATURES,SLIDE SUBTITLE,ENVIRONMENT,PORTABLE,RAIN PROOF,CLOUD SUPPORT,In this lesson we are going to learn how to better describe the crisis. In the movie the Big Short, the financial crisis is described as a death spiral. Death spiral means something that has no way out.,1.Lead-in,Pretty soon, stocks and savings were almost inconsequential. They were doing $50, $100, $200 billion in mortgage bonds and dozens of other securities a year. And America barely noticed as its number one industry became boring old banking. And then one day, almost 30 years later, in 2008, it all came crashing down. March. Bear sterns was in a death spiral and the FED brokered its sale. (News) Its been called the worst financial crisis in modern times. Certainly the largest financial disaster in decades in this country, and perhaps the end of an era in American business. In the end, Lewis Rainieris mortgage-backed security mutated into a monstrosity that collapsed the whole world economy. And none of the experts or leaders or talking heads had a clue it was coming.,2. Movie Clip,FED FED is short for The Federal Reserve System (FRS). It is the central bank of the United States. The Fed, as it is commonly known, regulates the U.S. monetary and financial system.,3. Lecture,3. Lecture,Inconsequential Something that is inconsequential is not important. About 80 percent of the decisions you make are inconsequential.,3. Lecture,Mutate If an animal or plant mutates, or something mutates it, it develops different characteristics as the result of a change in its genes.有缘学习更多+谓ygd3076考证资料,